Corn futures showed relative strength while soy futures failed to hold onto early session gains. Wheat futures ended the day mixed after posting impressive overnight gains. Cotton futures saw corrective buying.
Grains ended the day mixed as corn showed relative strength and wheat struggled to maintain overnight gains. Soybeans closed lower, soy products saw active spreading. Cotton saw profit-taking and livestock finished mixed
Cattle futures ended the day mixed amidst tepid short covering and weakening cash fundamentals. Hog futures surged to contract highs on robust cash fundamentals.
Corn inspections during the week ended April 4 were down 51,859 MT from the previous week but topped pre-report expectations. Wheat and soybean inspections also fell from the previous week but were as expected.
Corn, soybeans and wheat each traded on both sides of unchanged overnight, though saw increased buying towards the end of the overnight session, each going into the break nearer session highs.